Tag Archives: ESH2

Before todays upmove the market had been like…

Before todays upmove, the market had been like dead, first good intraday move of 100pts on YM for the first time this year, volatility is possibly coming back, I would think the down leg should start downwards today and make a low by next week monday. For the monthly options expiry, elephants trumphet once again. Short the dow march futures at 12445 region. ES hasn’t been to deliver any better edge, YM looks good to me.

Break of 1290 ON ES March, will prove some headaway into possibility of this scenario and deliver a minimum of 1270 on ESH2 and 12300 on YMH2. A good plan and a trade.

Last 12426/1289
The Dollar is also rising on the down move. This looks good so far, would like to see 12400 clear to the downside on YM and ES should clear 1286, then some confirmation can be given as evidence for this trade.